Sabre Co. (NASDAQ:SABR) Shares Acquired by Fmr LLC

Fmr LLC increased its position in shares of Sabre Co. (NASDAQ:SABR) by 24.5% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 15,849 shares of the information technology services provider’s stock after purchasing an additional 3,116 shares during the period. Fmr LLC’s holdings in Sabre were worth $58,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently modified their holdings of SABR. Algert Global LLC lifted its holdings in Sabre by 44.2% during the 3rd quarter. Algert Global LLC now owns 438,515 shares of the information technology services provider’s stock worth $1,609,000 after buying an additional 134,340 shares during the last quarter. Charles Schwab Investment Management Inc. raised its position in shares of Sabre by 0.7% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 5,454,914 shares of the information technology services provider’s stock worth $20,020,000 after acquiring an additional 39,509 shares in the last quarter. Integrated Investment Consultants LLC lifted its stake in Sabre by 135.7% during the third quarter. Integrated Investment Consultants LLC now owns 131,006 shares of the information technology services provider’s stock worth $481,000 after purchasing an additional 75,436 shares during the last quarter. Intech Investment Management LLC boosted its holdings in Sabre by 403.5% in the third quarter. Intech Investment Management LLC now owns 91,116 shares of the information technology services provider’s stock valued at $334,000 after purchasing an additional 73,018 shares in the last quarter. Finally, Citizens Financial Group Inc. RI purchased a new position in Sabre in the third quarter valued at approximately $77,000. Institutional investors and hedge funds own 89.42% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts recently commented on the stock. Sanford C. Bernstein reaffirmed an “underperform” rating and issued a $3.00 target price on shares of Sabre in a research report on Tuesday, November 19th. StockNews.com downgraded Sabre from a “buy” rating to a “hold” rating in a report on Tuesday. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and one has assigned a buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and an average target price of $3.50.

Sabre Trading Up 0.3 %

Sabre stock opened at $3.74 on Wednesday. The stock has a 50 day moving average of $3.72 and a two-hundred day moving average of $3.30. Sabre Co. has a twelve month low of $1.81 and a twelve month high of $4.63. The stock has a market capitalization of $1.44 billion, a price-to-earnings ratio of -4.73 and a beta of 1.80.

Sabre (NASDAQ:SABR) last released its earnings results on Thursday, October 31st. The information technology services provider reported ($0.04) EPS for the quarter, beating analysts’ consensus estimates of ($0.05) by $0.01. The business had revenue of $764.71 million during the quarter, compared to analyst estimates of $774.53 million. During the same period last year, the business posted ($0.10) EPS. Sabre’s revenue was up 3.3% compared to the same quarter last year. Equities analysts predict that Sabre Co. will post -0.3 earnings per share for the current year.

Sabre Profile

Sabre Corporation, together with its subsidiaries, operates as software and technology company for travel industry in the United States, Europe, Asia-Pacific, and internationally. It operates through two segments: Travel Solutions and Hospitality Solutions. The Travel Solutions segment operates a business-to-business travel marketplace that offers travel content, such as inventory, prices, and availability from a range of travel suppliers, including airlines, hotels, car rental brands, rail carriers, cruise lines, and tour operators with a network of travel buyers comprising online and offline travel agencies, travel management companies, and corporate travel departments.